Proposed agenda item for 7/20/21
To all: I would propose the Libertarian Party of Illinois authorize a separate account for donations specifically for Illinois races. As you may be aware, we currently file with the FEC on all of our existing donations. This makes these funds eligible for Federal as well as state races. The mainline parties also maintain a separate account for state races. Donations into this separate account would be filed with the Illinois State Board of Elections and would be eligible for only for state and local races. This would increase our maximum contribution limit from $10,000 from any specific individual to $22,000 as $10,000 would be contributed to our Federal account and $12,000 to our state account. This account may accept donations directly from corporations and unions as this is prohibited under Federal law. It also would allow donors to specify if their donation goes to Federal or state accounts. This creates some work for treasurers going forward BUT there is a benefit if we can begin to get donors to maximize contributions to our party for ballot access or candidate assistance. As our party continues to grow, we do have information from large donors who could afford to donate such a large sum to the party. I would propose that unless otherwise specified, any general donations from individuals are designated as Federal donations. This allows the maximum flexibility for the funds and requires no additional work. Funds for state accounts would either be designated on a separate web page on our site _OR_ be taken exclusively by executive committee and executive director. This eliminates confusion for both the donors and the treasurer going forward should such an account be authorized. Russ Clark Treasurer Libertarian Party of Illinois -- This email has been checked for viruses by Avast antivirus software. https://www.avast.com/antivirus
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Russ Clark